Friday, December 08, 2006

Denver Real Estate Helped by Low Unemployment

Denver’s real estate market should be pleased with the most recent jobless statistics released today by the U.S. Department of Labor. The Denver area is reported to have a low 4.2 percent unemployment rate – less than the 4.5 percent rate for the nation as a whole. This is down from the metro Denver’s August rate of 4.4 percent and September rate of 4.8 percent. In January of this year, the jobless rate in Denver was at a recent high of 5.3 percent and has been moving downward throughout 2006. Boulder has also seen a decline in the unemployment rate to a low 3.6 percent. For more information see the U.S. Department of Labor at http://www.dol.gov .